tv CBS Morning News CBS October 27, 2011 4:30am-5:00am EDT
debt deal. european leaders finally agree on a critical step towards resolve the debt crisis but is it too late? anger rising. demonstrators take to the street from coast-to-coast. and a suicide shock. the wife of convicted ponzi king bernie madoff speaks out in an exclusive "60 minutes" interview. >> we decided to kill ourselves because it was -- it was so horrendous what was happening. captioning funded by cbs
this is the "cbs morning news" for thursday, october 27th, 2011. good morning, everybody. appreciate you joining us. good to see you. i'm terrell brown in for betty nguyen. this morning, european leaders agreed on a deal to help resolve the european debt crisis. the agreement was hashed out during tense overnight negotiations. it was all censored on reducing grease's debt. drew levinson is here in new york with the details. good morning. >> good morning to you, terrell. >> reporter: the crushing greek debt threatens to affect the entire global banking system. now eu leaders say they have a deal but is it the answer? >> these are exceptional answers for exceptional times. europe never find itself in this situation. >> reporter: after marathon negotiations, european leaders emerged with what they hope is the solution. the plan includes a significant reduction of greek debt that requires banks to accept losses of 50%. injecting $140 billion into europe's biggest banks to
withstand those losses and an expansion of the continent's bailout fund to better protect other countries in country, especially italy and spain. failure to get something done would have been a disaster. the european crisis is the single biggest threat to the u.s. economy. europe is america's biggest trading partner. and default in greece or anywhere else could send shock waves through our banking system. >> if greece were to default, banks across the globe would really take a huge hit. then the next step, stock markets tumble. bang. our 401(k)s, our i.r.a.s start to suffer. from a company perspective, american companies might not have access to money. lending and borrowing would freeze up. and maybe there would be a whole other round of layoffs. >> reporter: now that the eu has attempted a deal, the trick is putting it into action. four months. 17 different member nations have bickered over how to solve the crisis.
and it remains to be seen how committed they are to this plan. still, asian markets liked what they saw. after news of the debt deal, japan's nikkei gained more than 2%. hong kong's hang seng was also sharply higher. most european markets have also opened on the upside. wall street will get its chance to react to the news a little later this morning. the hint of progress sent stocks higher yesterday. the dow gained 162 points. the nasdaq tacked on 12. terrell? >> that continues to be the big question, how will this affect the u.s. drew levinson, here in new york, thanks very much. there could be more good economic news this morning. economists estimate the gdp grew at an annual rate of 2.4% from july to september and that means both consumers and businesses stepped up spending. a significant improvement from the 1.3% in the second quarter. to the latest now on the occupy wall street protests. overnight here in new york, demonstrators took to the streets again. the wall street protesters who
started it all were on the move protesting health care costs. overnight in oakland, several hundred demonstrators marred -- marched following yesterday's violent confrontation with police. earlier they allowed the protesters back into city hall plaza yesterday. kpix has more. >> reporter: last night, tear gas. tonight, a tug of war. >> we are trying to hold the fence back from being pushed any further. >> reporter: as the fences came crashing down outside city hall, inside, police were explaining last night's use of force. >> our officers were assaulted with bottles, rocks, and had hazardous materials thrown at them. >> reporter: protesters claim they were shot with rubber bullets and inndurred -- >> none of the police officers used rubber bullets. we don't have that in our inventory. >> that is a lie. the police need to be indicted
and investigated and the police who did this need to go to jail. >> reporter: he is referring to this shooting cbs 5 captured of scott olson, an iraqi war veteran. protesters claim he was shot at close range by police. the mayor says an investigation is under way but would not accept responsibility. >> i don't do the tactical planning. >> reporter: for giving the go ahead to using force and then traveling to washington, d.c. for a meeting at the white house! >> i didn't know what day. i was actually hoping it wouldn't be until i got back. >> reporter: now the protesters are ripping down fences. it appears the mayor may be back pedaling on the reoccupation of frank o'gala plaza. eastern california was jolted by a earthquake last night. the magnitude 4.7 quake was centered about 35 miles west of reno, nevada, in a sparsely populated area. there are no immediate reports of damage or injuries. hurricane rina is expected to hit the resort heavy east coast of the yucatan peninsula sometime tonight. as seen from the international space station, rina is a
category 1 storm with sustained winds of 85 miles per hour. rina is moving northwest threatening popular resorts in cancun with 10 inches of rain. perry said he was kidding when he said president obama wasn't born in the united states. the birther issue, as it's being called, was fanned by donald trump earlier this year. over the weekend, perry told "parade" magazine he wasn't sure obama's birth certificate was legitimate but in an interview yesterday, he backtracked. >> i was having fun with donald trump. oh, yeah, look. it's fun to -- you know, lighten up a little bit! i'd be -- i have no doubt about it. >> top republican officials have been urging candidates to drop the birth issue. they say it's bad for the republican party. president obama is back in washington today. he has wrapped up his three-day campaign style tour out west. in colorado yesterday, the president unveiled his plan to help students repay their college loans.
it reduces the maximum requirement payment on student loans from 15% to 10%. it goes into effect next year. remaining debt is forgiven after 20 years. take a quick breck. just ahead on the "morning news," a 5-year-old calls 911 after going for a short drive. what made dr. conrad murray cry during the michael jackson manslaughter trial. this is the "cbs morning news." oooh....ouch! faulty thermostat. uneven heat. ah! hand me that lotion. mmmm. nice. you know that's frosting? do me a favor. get my back! time for a new stove? come to the sears holiday preheat event now and save 40% to 50% off all kenmore wall ovens, 20% to 30% off all other kenmore cooking, plus an extra 5% off all appliances with your sears card. sears.
why don't we make a pumpkin? what do pumpkins look like? like this. you're my pumpkin. i made a bat! i made a sword. [ laughs ] ♪ you're going to love those. [ female announcer ] carve out some time with your little pumpkins. boo! boo! boo! [ female announcer ] rice krispies. happy halloween. ha, not me! cause shipping is a hassle. different states, different rates. not with priority mail flat rate boxes from the postal service,
if it fits it ships anywhere in the country for a low flat rate. so shipping for the chess champ in charleston is the same as shipping for the football phenom in philly? yep. so i win! actually, i think you deserve this. no, i deserve this. wow, got one of those with a mailman on top? priority mail flat rate shipping starts at just $4.95, only from the postal service. a simpler way to ship. in colorado, about 72,000 people are without power this morning. the first big storm of the season hit the denver area wednesday. tree limbs weighed down by snow snapped the power lines. some places got more than a foot of snow. snow plows were out near detroit too but not because of snow. a truck accidentally dumped hundreds of pumpkins along the highway snarling traffic for hours. cleanup crews had their work cut out, picking up the pulverized remains. police in kansas city are planning to re-interview the two older brothers of missing baby
lisa tomorrow. the infant disappeared more than three weeks ago. the two boys ages 5 and 8 are half brothers from their father's previous relationship. police also plan to collect dna from those boys. officers have not spoken to the boys since october 4th when lisa was reported missing. in ohio, a 5-year-old girl went on a short drive and then calls 911. no one was home monday, so she got into the family car to look for her mother. the keys were in the ignition but she didn't quite get it in career. the vehicle backed down the driveway and came to a stop across the street. the 5-year-old got back out, went back inside the house and called for help.
>> yeah. she said it, she did. the girl's mother wasn't home because she had been taken to the hospital earlier that day. everybody is okay. and no charges will be filed. kids are on grown these days. the manslaughter trial of dr. conrad murray is winding down. today or tomorrow could be the last day of testimony in the death of michael jackson. on wednesday, the defense brought in witnesses that praised dr. murray's character and that brought him to tears. karen brown reports. >> reporter: dr. conrad murray dabbed tears from his eyes as witness ruby moseley took the stand. she testified how murray founded a clinic in a section of houston in honor of his father. >> do you think dr. murray is greedy? >> do i think? >> yes, ma'am. >> no.
>> reporter: moseley was one of a string of character witnesses who spoke of murray's charitable work and his kind manner. >> i have never had a doctor that was more caring. >> and i just don't think he did what he has been accused of. >> i'm alive today because of that man. >> reporter: the jury was released early for the day because of scheduling issues, but not before the prosecution got the chance to cross-examine the character witnesses, as they tried to show dr. murray treated his superstar patient differently. >> dr. murray never gave you propofol in your bedroom, did he? >> no, sir. >> reporter: the prosecution spent four weeks trying to prove that dr. murray gaf mive michael jackson the popular drug of propofol but murray's lawyers are trying to suggest the singer would do anything to get to sleep, including taking too many sedatives and injecting himself with propofol. the defense is expected to wrap up its case with renowned medical experts of their own.
jurors could begin their deliberations as early as next week. karen brown, cbs news, los angeles. a coroner in england says amy winehouse drank herself to death. the 27-year-old singer had more than five times the legal limit of alcohol in her blood when she died in july. doctors say winehouse suffered accidental alcohol poisoning when she resumed drinking after weeks of abstinence. she had fought a long battle against alcohol and drug abuse. a british man has a new smart phone and it's built into his artificial arm. trever per due who was born without a left arm, has the world's first aesthetic device with a nokia phone. he said he got the idea because it was too hard to use a smart phone one handed. he says he can dial and text easily. he says it is brilliant. coming up on this thursday morning, your weather forecast. in sports, it is a cringe worthy kick and now the vikings brian robison will pay.
separated from your own life... when the only thing you can be sure of is migraines with 15 or more headache days a month, you're living a maybe life. and you may be living with chronic migraine. but knowing that this thing you're going through has a name, means knowing you can find treatments that are right for you. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life.
and started earning loads of points. you got a weather balloon with points? yes, i did. [ man ] points i could use for just about anything. ♪ keep on going in this direction. take this bridge over here. there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] write your story with the citi thankyou premier card, with no point caps, and points that don't expire. get started at thankyoucard.citi.com. here's a look at the weather in some cities around the country. time now for a check on the national forecast. the latest satellite picture shows rain showers are on the move towards the ohio river valley and into the northeast. later today, soaking rain from texas to massachusetts. cool and sunny in the northwest.
and the southeast stays warm, with temperatures in the 70s and 80s. in sports this morning, they pulled out the big gray tarp for game six of the world series. it was raining in st. louis so they canceled the game between the rangers and the cards last night. it should be played tonight. our meteorologist here says the weather will be clear and chilly, around 506 degrees. the nfl has come down hard on vikings brian robison. on sunday during a game against the packers, he kicked t.j. lang in the groin. yeah. pretty direct aim there. he got him. for that, robison was fined $20,000. robison did apologize for the kick on tweeter. lang tweeted back and said robison is not a dirty player. a streaker, four-legged streaker intercepted a south america soccer match. play came to halt between the colombian and brazilian team for about three minutes. the canine evaded everyone who chased him but eventually the dog lost interest and just left on his own. i guess he said, i'm bored with you guys, time to go.
when we return, another look at this morning's top stories. and ruth madoff tells "60 minutes" how she and her husband bernie planned to kill themselves. e's enough energy right here in america. yeah, over 100 years worth. okay, so you mean you just ignore the environment. actually, it's cleaner. and, it provides jobs. and it helps our economy. okay, i'm listening. [announcer] at conoco phillips we're helping power america's economy with cleaner affordable natural gas... more jobs, less emissions, a good answer for everyone. so, by reducing the impact of production... and protecting our land and water... i might get a job once we graduate. welcome mi amiga, an adventure awaits. ♪ a celebration of flavor and magnificent tastes ♪ [ cow bell, cow moo ] ♪ like chicken beef or seafood ole' ha haaa ♪ adios little one ♪ your time here is complete ♪ and my kitten just a thought, put some boots on those feet.
on the "cbs morning news," here's a look at today's weather. look for rain along with a few flakes in upstate new york. wow. scattered storms can be found all the way down to texas. sunny skies and mild weather hits the southwest, while the arctic blast that hammered denver heads towards texas. here is another look at this morning's top stories. european leaders reached a deal to help resolve the european financial crisis. the plan calls for a significant reduction of greek's debt, including a significant loss for greek bondholders. occupy wall street protesters marched overnight in oakland. earlier, police allowed the demonstrators back into a plaza they had cleared yesterday. protesters in new york also took to the streets. for the first time since last year's catastrophic oil
spill, bp has been given the go ahead to drill a new deepwater drill in the gulf of mexico. 250 miles southwest of new orleans and 6,000 feet deep. that is a thousand feet deeper than the well that blew out in 2010. that explosion killed 11 workers and caused the worst offshore oil spill in u.s. history. a former board member of goldman sachs is free on $10 million bail this morning. rajat gupta turned himself into authorities here yesterday in new york. he is accused of sharing insider information with a convicted hedge fund trader. he pled not guilty to the charges. if convicted, he faces 105-year prison sentence and millions in fines. the wife of convicted ponzi schemer bernard madoff makes a startling admission to morley safer on "60 minutes" building sunday. he spoke with madoff and her surviving son andrew. her son mark killed himself last september. in the interview, andrew talks about the day he received an
envelope from his mother. >> i tore open the envelope and dumped it out and it was absolutely heartbreaking. these were pieces of jewelry that i recognized, things that i had seen my mother wearing over the years. and i couldn't understand how she could do this. i mean, what were they thinking? and it wasn't until three years later that i had a chance to ask her, what were you thinking when you sent me that jewelry? i don't understand. and she told me that she and my father planned to kill themselves and they put together that package beforehand and sent it out. >> reporter: did they try to kill themselves? >> yes, they did. >> i don't know who -- whose idea it was, but we decided to
kill ourselves because it was -- it was so horrendous what was happening. we had terrible phone calls, hate mail. just beyond anything. and i said i can't -- i just can't go on any more. that's when i packed up some things to send to my sons and my grandchildren. i had some lovely antique things and things that i thought they might want. i mailed them. it was christmas eve. that added to the whole depression. we took pills and woke up the next day. >> reporter: what did you take? >> i think ambien. >> reporter: how many? >> i don't even remember. i had -- i took what we had. he took more. >> reporter: did you leave notes? >> no. it was very impulsive and i'm glad we woke up. >> you can see morley safer's entire interview with ruth and
andrew madoff this sunday on "60 minutes" right here on cbs. coming up on "the early show" the testimony that made michael jackson's doctor cry. i'm terrell brown. and this is the "cbs morning news." i'm terrell brown. and this is the "cbs morning news." hurry in for your last chance to get the lowest prices of the season. with the biggest savings on apparel to appliances, the top brands of tools to the newest electronics and more.